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Property profile & analytics
OFF-MARKET
Commercial real estate

201 I-30 Mount Vernon, TX 75457

1,400 SF 1.83 ac lot Built 1998
Property ID
Property summary
AI-generated overview

Rooted: Lester's Plant Market presents a unique investment opportunity in Mount Vernon, Texas. This established nursery, operating for over 30 years, boasts a prime location on I-30, offering high visibility and convenient access for customers. The 1,400 square foot main building sits on a 1.83-acre lot, zoned commercial, and includes eight buildings in total. Built in 1998, the property features a strong NOI of $155,032, resulting in a compelling 23.85% cap rate, and an asking price of $650,000 ($464.29/sq ft). The business benefits from a large, loyal customer base drawn from a wide radius. An attractive add-on is the option to lease a second location in nearby Winnsboro, Texas, for $1,500 per month. This secondary location, currently generating significant revenue, offers further expansion potential in a high-demand market for trees, sod, and stone. Current inventory and equipment are available for separate purchase, providing a turnkey operation. This presents a rare opportunity to acquire a thriving, established business with significant growth potential in a rapidly developing area of Northeast Texas. The property's strategic location and strong financial performance make it an exceptional value-add investment.

Property profile
Verified
Property type Commercial real estate
Year built 1998
Total area 1,400 SF
Lot 1.83 ac (79,715 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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